One of the key mandates of the committee was to determine the level of surplus that the RBI should hold
The six-member committee was appointed after Prime Minister Narendra Modi's government insisted on a new policy for reserves held by the RBI and the distribution of dividends.
The government and RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 trillion surplus capital with the central bank
The candidates were shortlisted after a round of interviews and there will be more interviews to narrow the field even further, the source said
Says we need to tackle the problem of black money at the root and see whether taxes are high
Jalan also pitched for a rating upgrade for India following low inflation, high growth
On the impact of demonetisation, he said that there would be a decline in the rate of growth